The global [FURL=https://www.reportsanddata.com/report-detail/biomethane-market]Biomethane Market[/FURL] is forecast to reach USD 2.95 Billion by 2027, according to a new report by Reports and Data. An increase in the concern related to fossil-fuel emission-based power generation and the rise in focus to achieve diversity is driving the demand for the biomethane market. The availability of feedstock, encouraging government policies, and the shift in the trend for decarbonization is driving the market.The COVID-19 impact:
The industry is expected to witness a slight reduction in demand due to the imposition of lockdown, but it is expected to pick up at a higher rate after the crisis is over as people are becoming more aware of the changing environment. The changes in the climate are generating a need for sustainable products that can limit the usage of depletable products.
Key participants include CNG Services, Orbital, Gazasia, Future Biogas, JV Energen Biogas Global, Verbio, Magne Gas, Gasrec, Biogas Products, and EnviTec Biogas, among others.
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Further key findings from the report suggest
Anaerobic digestion or AD is the process in which microorganisms break into biodegradable material when no oxygen is present. The process is used to manage domestic or industrial waste or produce fuels.
Biomethane is used as a substitute for natural gas and can be used as fuel in applications such as transport, heating, and power generation. It has the same properties as natural gas. In Great Britain, the gas grids are being injected with biomethane, at several biogas upgrading facilities.
Europe is forecasted to grow the largest and is estimated to grow at a CAGR of 6.5% during the forecast year and is expected to maintain its dominance over the forecast period.
By 2030, Ireland plans to achieve 20% renewable gas on the gas network. The first-ever injection facility for biomethane is situated in Nurney, Co. Kildare, and there are plans to implement the facility throughout the country.
For the purpose of this report, Reports and Data have segmented the global Biomethane Market on the basis of Feedstock, Production Method, End-User, and region:
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Feedstock Outlook (Revenue, USD Billion; 2017-2027)
Animal Manure
Organic Household Waste
Agricultural Waste
Energy Crops
Sewage Sludge
Industrial Food Processing Waste
Others
Production Method Outlook (Revenue, USD Billion; 2017-2027)
Gasification
Fermentation
End-User Outlook (Revenue, USD Billion; 2017-2027)
Automotive
Power Generation
Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
US
Canada
Europe
Germany
UK
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
MEA
Saudi Arabia
UAE
Rest of MEA
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